JPMorgan Chase & Co. plans to permit institutional shoppers to use their holdings of Bitcoin and Ether as collateral for loans by the tip of the 12 months in a big deepening of Wall Avenue’s crypto integration.
This system, provided globally, will depend on a third-party custodian to safeguard the pledged tokens, in accordance to folks conversant in the matter. It builds on JPMorgan’s earlier move to settle for crypto-linked ETFs as collateral.
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